Who is Jim Chanos and could his prediction of a Chinese economic downturn collapse America too?

Jim Chanos, a hedge fund manager who predicted the fall of Enron and the financial crisis of 2008, says China is next bubble to burst and is 1000 times worst than Dubai. If China suffers an economic crisis, they could drag America in another financial crisis since they own over $1.5 trillion in U.S. treasuries and may have to sell or stop buying them. The dollar would fall in value if China's economy crashes.

Category:

News & Politics

Tags:

• Economic crisi
• collapse
• China
• dollar
• America

[anujbahl]

Enron was booming too according to their own numbers. Those were a scam just as China's growth numbers are. by the way, Chanos was the first to question Enron's accounting.

[Blackjack555]

@tacotony24

Any solid evidence that he is wrong?

[ltmikepowell]

Whoever still believe short sellers are considered to be associated with the financial terrorist. And in U.S. Constitution, those who abuse the currency system is LIABLE for death penalty.

[ltmikepowell]

@stealthpakfa Nah, let his investors to do the job on him when the U.S. system collapses and he lost everything that he once promised. Perhaps we might see his dead body shown on the front page of those mainstream news.

[ltmikepowell]

@Transen12 Hang this crook high when the Federal Reserves System collapses. His dead body can decorate those tree of liberty.

[lorenzo8500]

I doubt this will happen. China is hedging its bets with gold and silver. China is slowly getting out of the American dollar. I think Chanos is wrong.

[mmmoroi]

Despite my disgust about the predetory nature of hedge fund phony financial business in general, which does never create wealth on its own, but snatch wealth from other businesses like a vampire in a zerosum situation, I cannot help admiring this man's clear-thinking and convincing argument.

[pinoko1311]

china is over, the next is India or Brazil

[fmoa]

dude is kinda right,the chinese like to fake its economic data,i remember reading something that the chinese 12% economic rise a yr av dropped down to 7-8% rise a yr,when the chinese release there data,its says 9% n now its still 9% growth,whats also funny is some chinese economists claim china economy will worth 150 trillion in 80 yrs from now,20 times bigger than the u.s,LOL,so that means russia,middle east,europe,africa,australia,s­outh america now are chinese state.

[rogerbodger33]

When people have short positions, they love to spread bad rumours around. The testimony i rate is the Chanos is highly rated by Marc Faber who is a genius. Faber states Chanos is super smart, but he is usually early to get short.

[jerepah]

L, please let me draw your attention to the 4:45 minute mark in my vid "Ron Paul - An audit would expose secret Fed deals with foreign banks". To state the obvious, it ain't looking pretty for the greenback.